Unconventional Natural Gas Extraction Market is expected to grow at a CAGR of 8.3% from 2013 to 2019: Hexa Research

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Latest Market Research Report on the “Unconventional Natural Gas Extraction” technologies was estimated at USD 61.35 billion in 2010 and reached USD 61.71 billion in 2011. Unconventional natural gas production and related extraction technologies has taken off over the last 5 years owing to the influence of unconventional natural gas boom in the North American region.

Globally, attention in unconventional natural gas production and related extraction technologies has taken off over the last 5 years owing to the influence of unconventional natural gas boom in the North American region. Many countries are looking forward to unconventional natural gas as a prospective energy source to alleviate supply shortages, reduce natural gas costs and generate further revenue. This report is anticipated to be helpful to corporations, industry players and others who have a stake in unconventional natural gas extraction market, as well as those who are taking into consideration expanding into this market.

The global market for unconventional natural gas extraction technologies was estimated at USD 61.35 billion in 2010 and reached USD 61.71 billion in 2011. The market is expected to grow at a CAGR of 8.3% from 2013 to 2019. North America accounted for USD 54.8 billion in 2011 and is expected to grow at a CAGR of 3.3% from 2013 to 2019.

The North American vertical and directional drilling sector was estimated at USD 2.10 billion in 2011 and is expected to grow at a CAGR of 4.3% from 2013 to 2019. Asian market was valued at USD 5.35 billion in 2011 and is expected to grow at a CAGR of 23.4% from 2013 to 2019. The Asian vertical and directional drilling market was valued at USD 374 million in 2011 and is expected to grow at a CAGR of 18.6% from 2013 to 2019.

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.